Momentum Metropolitan Holdings (JSE:MTM) Momentum Rank : 5 (As of May. 26, 2024)

View and export this data going back to 1986. Start your Free Trial

What is Momentum Metropolitan Holdings Momentum Rank?

Momentum Metropolitan Holdings has the Momentum Rank of 5.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Momentum Metropolitan Holdings's Momentum Rank

For the Insurance - Diversified subindustry, Momentum Metropolitan Holdings's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Momentum Metropolitan Holdings's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Momentum Metropolitan Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Momentum Metropolitan Holdings's Momentum Rank falls into.

Momentum Metropolitan Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of Momentum Metropolitan Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Momentum Metropolitan Holdings (JSE:MTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Momentum Metropolitan Holdings Ltd (JSE:MTM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MMT:Namibia

Address

268 West Avenue, Centurion, GT, ZAF, 0157

Website

https://www.momentummetropolitan.co.za

Momentum Metropolitan Holdings Ltd is a financial services group. Its core businesses are long- and short-term insurance, asset management, investment, savings, healthcare administration, and employee benefits. Metropolitan and Momentum are the operating brands for offering product and service solutions to all market segments. The firm's operational segments are: Momentum Life, Momentum Investments, Metropolitan Life, Momentum Corporate, Momentum Metropolitan Health, Momentum Metropolitan Africa, Non-life Insurance, New Initiatives and Shareholders.

Momentum Metropolitan Holdings (JSE:MTM) Headlines

No Headlines